The third-term lawmaker from Rogers on Monday said she'll formally launch her bid for the state's top office after June 17, but said she's already decided to run. Hobbs is the third Republican to announce a bid for governor next year.

Hobbs has served in the state House since 2009 and hasn't faced a primary or general election opponent for her seat. Hobbs said she hoped to initially raise at least $500,000 for her bid.

Former Congressman Asa Hutchinson and Little Rock businessman Curtis Coleman are also seeking the Republican gubernatorial nomination. Republican House Speaker Davy Carter is also considering running.

Former Congressman Mike Ross and former Lt. Gov. Bill Halter are seeking the Democratic nomination.